Activision Inc. shareholders approved the company's merger deal with Vivendi Games, clearing the way for the deal to close Wednesday.

More than 92 percent of eligible shares voted, although the specific voting results were not disclosed.

The deal, first announced in December, will create a new company, Activision Blizzard.

The deal will see shares of Vivendi Games converted into 295.3 million new shares of Activision common stock worth about $8.1 billion, based on a price of $27.50 a share for Activision stock. Vivendi will then purchase an additional 62.9 million newly issued shares of Activision common stock, also at a price of $27.50 a share, for about $1.7 billion.

After the deal closes, Vivendi will then have a 52 percent stake in the new Activision Blizzard.

Activision, which owns Menands-based Vicarious Visions Inc., has produced such titles as "Guitar Hero" and "Call of Duty." Irvine-based Blizzard has produced the successful multiplayer online game "World of Warcraft."

The new company will continue to be traded on the Nasdaq under the "ATVI" ticker symbol.

Activision (Nasdaq: ATVI) will continue to be based in Santa Monica, Calif.